Precious Metals

Wall Street opened strongly last night, failed, and then kicked at the close. There is now a clear battle between buyers and sellers. Dow up 57.

Reuters chartist Wang Tao has published some very dire projections for the six months ahead.

Gold has failed to live up to expectations these past weeks. Does this now mean the only way forward is through a downward correction?

While Wall Street enjoyed a public holiday the rest of the world took the opportunity to take a breather as well. European indices down 0.3% in thin trade.

Risk assets posted bearish signals on price charts in Q2, but the TechWizard suspects we might see a rally in the short term.

A wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

The Australian government and the miners and energy companies have reached an agreement on a new tax regime.

Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.

If history repeats itself, Australian equities, copper, oil and silver should all perform well in July.

Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.